Research On Vietnam、Economy System In Reform And Opening Up

With the development of economic globalization, Vietnam finds no outlets in thecase of the traditional economic system. Hence, Vietnam embarked on economicadjustments from the late1970s and early1980s. Besides, it formally established theline of reform and opening to the outside world, and decided to shift its emphasis toeconomic development at the Sixth National Congress of the Party in1986. Sincethen, Vietnam drastically reform traditional planned economy system: establishing themarket economy system managed by the state, placing agricultural innovations as abreakthrough of the reform, putting industrial innovation in the place of the keyproblem and a hard war in the reform, steadily carrying out the fiscal and financialinnovation, and actively integrating into the international economic community. Sincethe1990s, Vietnam keeps deepening the innovations and reforms. The Ninth NationalCongress of the Communist Party of Vietnam in2001clearly put forward the goal ofbuilding the socialist-oriented market economy, which marks a new economic systembased on the operation of the market is gradually taking shape.How to understand Vietnam’s economic system reform and to be familiar withthe development course of Vietnam ’s economy in recent30years? It can be said thatthe process of Vietnam’s innovation is also the process of actively integrating into theworld economy; the process of the change from the traditional centrally plannedeconomy system to the market economy system; the process of moving away frompassively building a socialist market economy into actively building the economyThe thesis start with the analysis of the background and causes of the economicreform in Vietnam. Vietnam’s economic base is very weak resulting from domesticcontinuous wars. Besides, the economic construction after the reunification of thenorth and south in1975committed the mistakes of rash advance, over-fast steps,simple mode, the misconduct of the economic development strategy, which broughtinto the economic crisis, rising prices, and currency devaluation since the late1970s.At the same time, the traditional planned economic system in the entire internationalcommunity went into a tight corner. The disintegration of the Soviet Union in1991 declared the total failure of the planned economy system, which had a significantimpact on the choice of the path of Vietnam’s innovation. After World War II, thepeople’s democracies emerged in the Eastern Europe, and these countries set off threereform waves in the1950s in order to get rid of the disadvantages of the traditionalsystem. As the Vietnamese neighbor, China’s reform and opening up greatly inspiredVietnam. Facing with the gap, the Vietnamese leaders urgently felt that their owncountry must reform and open up to the world and that the reform is a matter thatadmits of no delay. Thereupon, since the Sixth National Congress of the CPV in1986Vietnam began the reform on the traditional economic system, and ultimately formedthe socialist-oriented market economy theory. And under the guidance of this theory,Vietnam began a radical reform in the fields of agriculture, industry, finance, and theeconomic relations with foreign countries. Meanwhile, the thesis discusses theformation of the socialist-oriented market economy theory and the fields involved inthe reform. Finally, it makes a critical analysis on the achievements and problems inthe Vietnam’s economic system reform. The socialist oriented market economy reformis not only of theoretical significance but practical significance. Theoretically, thereform makes it possible for the combination of socialism and the market economy, ofplanned regulation and market regulation, of the public and non-public sectors.Practically, on the one hand, the reform achieves the economic growth, advancingindustrialization, the increasing expansion of the economic relations with foreigncountries, and the improvement of living standard and so on. On the other hand, itfaces with the problems including the weak infrastructure, the unchangeableeconomic growth mode, the slow economic restructuring, and the immature marketeconomy. The thesis expounds both these positive and negative aspects.